VORTEX BUSINESS PARK in Seberang Perai Selatan, Penang recorded 7 subsale transactions in 2022, with a median price of RM 2.83 million and a median price per square foot (PSF) of RM 406.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 2.83 million, with most transactions falling within a stable range of RM 2.73 million to RM 2.99 million, and a typical market range of RM 2.73 million to RM 3.09 million.
Most transactions involved 4 - 4 1/2 storey shop, though some variety exists in the market.
The median PSF stands at RM 406, with core pricing between RM 354 and RM 458. Market pricing typically extends from RM 379.50 to RM 432.50, reflecting moderate variation in unit pricing. With an IQR of RM 53.00 and MAD of RM 52, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.
